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Comment by tehlike | Hacker News Reader

It is definitely not easier than stocks. Brokerages made it really easy to enroll and start buying it

Yeah... I bought about $250 worth of bitcoins two years ago on an exchange. The exchange went bankrupt and the bitcoins are gone. At least with a stock broker your account is insured by the government up to a certain amount.

Yes, I know, run your own wallet, don't leave your bitcoins on the exchange... Except again, with stocks, you don't have to worry about that. I was personally hoping that a bitcoin exchange would have better security and backups than my home PC. As far as I'm concerned, storing bitcoins on your machine, with no insurance, is not much safer than storing gold bullion in your closet.

I'm just happy what I was wise enough not to put more money in bitcoin than I could afford to lose.

Not your keys, not your coins.

It would be wonderful to have a BTC bank account with an insurance policy denominated in BTC, but that doesn't exist yet (AFAIK). Until then... Not your keys not your coins.

Also, you don't need to store them on your PC. There are also paper wallets, hardware wallets, or you could put your wallet files on a flash drive.

> I'm just happy what I was wise enough not to put more money in bitcoin than I could afford to lose.

That should be the default for ~any investment.

People are learning, glad you did too.

I wish I could withdraw my stocks easily, and it takes a very long time to transfer stocks between accounts or even exchanges. Thats a bug, to me.

So has Coinbase and Gemini. It certainly sounds like you're not even familiar with the process.

No I definitely am. But there are (or used to be, last I bought) funky limits and so on, and huge amount of fees coinbase is taking on top.

There are many better options than Coinbase. Some user friendly options include Swan, River, Casa, and Cash App.

https://twitter.com/blockbain/status/1333864682122137601

It is so much easier than stocks. In the US it is relatively easy but in most countries you can't just download an app and start trading. Anyone can buy a bitcoin with a credit card.

I can and did download an app and started trading.

I think these days robinhood is similar.

I can buy bitcoin with cash. Where can I exchange cash for stocks?

please tell me how many times you did exactly that and what amounts.

At literally every broker in the world?

Where can you buy bitcoin with cash in 2021?

Asking for a friend.

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